All Forum Posts by: Damon L. Davis

@Loid Danga that is strange. I’m in Silver Spring, MD in a townhouse and my property taxes are thousands more than that. Do the historical property tax numbers trend with that low amount or are they historically higher? Zillow shows me six years of property tax data on my home.

Mean time plan your analysis for numbers way higher than what you’re seeing online.

I’ll be interested in this answer.

@Ruth P. I’m going to DM to chat re Santa Fe, NM. If anyone else wants to talk about SFNM please DM me too!

@Vamsee Lella could we connect about your experiences in Salisbury, MD?

Hey Ryan, I'm really interested to know whether this campaign ever paid off? If not, what methodology - tools, cadence of contact, etc - did you switch to? Looking to learn from experienced folks like you.

@Justin Thorpe is onto something. SF Bay Area is such a hot market being gifted a property there is fortuitous. Consider keeping it, renting it out with a prop mgr, and cashing out equity for your reinvestment. The cash you take out is a good balance to acquire financing on the next investment.

Just b/c you’re leaving the area doesn’t mean you should abandon the asset that’s anchoring your next move. It will continue to appreciate while someone else is paying the mortgage. I’d keep the property

I have a professionally structured Self-Directed IRA LLC w/ multiple REI holdings.

I also have a REI LLC (non-retirement dollars, W2 job funded)

Could I use my SDIRA LLC as a partner with my REI LLC as 50/50 partners in one deal? If I draw up a contract that clearly delineates pay-ins, pay-outs and responsibilities for ownership for a property could this work?

Thanks for your input!